Business A B C QBI $300,000 (135,000) 150,000 W-2 Wages $90,000 60,000 -0- Capital Investment $-0- -0- -0- an chooses not to aggregate the businesses. She also earns $150,000 of wages from an ated business, and her modified taxable income (before any QBI deduction) is $380,000. What is Tristan's QBI deduction? Assume that Tristan can aggregate these businesses. Determine her QBI deduction if she decides to aggregate the businesses.
Business A B C QBI $300,000 (135,000) 150,000 W-2 Wages $90,000 60,000 -0- Capital Investment $-0- -0- -0- an chooses not to aggregate the businesses. She also earns $150,000 of wages from an ated business, and her modified taxable income (before any QBI deduction) is $380,000. What is Tristan's QBI deduction? Assume that Tristan can aggregate these businesses. Determine her QBI deduction if she decides to aggregate the businesses.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:LO.6 Tristan, who is single, operates three sole proprietorships that generate the following
information in 2022 (none are "specified services" businesses).
Business
A
B
C
QBI
$300,000
(135,000)
150,000
W-2 Wages
$90,000
60,000
-0-
Capital Investment
$-0-
-0-
-0-
Tristan chooses not to aggregate the businesses. She also earns $150,000 of wages from an
unrelated business, and her modified taxable income (before any QBI deduction) is $380,000.
a. What is Tristan's QBI deduction?
b. Assume that Tristan can aggregate these businesses. Determine her QBI deduction if she
decides to aggregate the businesses.
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